Friends of the Strand Inc

Analysis

Friends of the Strand Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Strand Inc reported income of $2.4m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Strand Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include South Texas Public Broadcasting System ($2.4m), Religion Media Company ($2.4m) and Tower Theatre Foundation Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 66% of the total. Other salaries and wages came to $713k. At year end it held assets of $6.4m against liabilities of $3.0m, net assets of $3.4m. It reported 28 employees.